Ericsson to take $1.2bn writedown charge on ST-Ericsson

Vendor rules out acquisition of chip maker following STMicro's announced intention to exit joint venture.

Ericsson on Thursday said it will take a $1.23 billion charge in the fourth quarter related to the writedown of its mobile chip joint venture ST-Ericsson.
ST-Ericsson has been focusing heavily on its wireless modem business…

Ericsson on Thursday said it will take a $1.23 billion charge in the fourth quarter related to the writedown of its mobile chip joint venture ST-Ericsson.
ST-Ericsson has been focusing heavily on its wireless modem business…

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